You’ve probably heard the term “smart money” in investing. This usually refers to institutional investors. However, in crypto, at least in our book, it means something else. The smart money in crypto goes into a project before it even launches. For example, anyone who bought into Cardano (ADA) or Polkadot (DOT) prior to launch has seen amazing gains — even with the bear market. So how do you find crypto projects prior to launch? Follow the “smart money” in crypto — the “whales.” One of the initial coin offerings getting attention from ADA and DOT whales is a new DeFi DAO called Uniglo.
A DAO is a distributed autonomous organization. Essentially, everyone that holds the DAO’s native token — in this case, GLO tokens — is able to vote on all investment activities including which assets to invest in, when to take profits on those investments, and how many tokens to burn with those profits, if needed.
The mission of Uniglo is to build up a massive and diverse treasure chest of digital assets. These can include cryptocurrencies as well as high-value NFTs and tokenized real-world assets (gold, art, collectibles, etc.).
The funds that are used for investing are raised through a 10% royalty on all aftermarket sales of GLO tokens (5% from the buyer and 5% from the seller). What this means is that funds are constantly flowing into the treasury and they never come out. Over time the treasury will just get bigger and bigger. And the more volatile the market, the faster the treasury grows.
Additionally, a dual burn mechanism assures that the circulating supply of GLO tokens is eternally shrinking. First 2% of every aftermarket sale of GLO is burned (1% buyer, 1% seller). Again, no matter which way the market is headed the circulating supply is always falling — and it falls faster in more volatile markets. Second, if members of the DAO decide that the token could use a price boost they can vote to use profits to burn additional tokens.
As you can see, the tokenomics of Uniglo greatly favor ICO investors. Those who buy their GLO in the private presale can just sit back and watch the size of the treasury and their share in it grow for years and decades to come.
Essentially, all one needs to do to be invested in a diversified portfolio of both digital and real-world assets is buy and hold the GLO token. This simplicity gives Uniglo the very real possibility of being the first DeFi project to see mainstream adoption. If that happens, then even a small investment prior to launch could produce life-changing wealth over the coming decades.
As with all ICOs Uniglo’s presale won’t last forever. In fact, it’s highly likely that it will sell out before the presale deadline. If it hasn’t already sold out you can get on board by buying GLO tokens directly on the Uniglo.io website.
Learn more here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1